Stocks

Datamatics Global Services hits upper circuit on strong quarterly results

Reuters | Updated on May 10, 2019 Published on May 10, 2019

Shares of Datamatics Global Services Limited rose as much 19.99 per cent to Rs 107.75, the biggest intraday percentage gain since December 2010

The company posted a profit of Rs 25.25 crore for the quarter-ended March, which was more than double its year-ago profit.

The company hit its upper circuit limit.

The company's forward PE of 5.57 is below the 14.94 average for sector which includes Mphasis Limited and Zensar Technologies Limited.

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Published on May 10, 2019
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